Europe Knife Market Size & Outlook, 2021-2030
Related Markets
Europe knife market highlights
- The Europe knife market generated a revenue of USD 1,244.0 million in 2021.
- The market is expected to grow at a CAGR of 5.7% from 2022 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2021.
- Ceramic is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 1,244.0 million |
| Market revenue in 2030 | USD 2,045.7 million |
| Growth rate | 5.7% (CAGR from 2021 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Ceramic |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Titanium, Ceramic |
| Key market players worldwide | Stanley Black & Decker, Gerber Life Insurance Company, Milwaukee Tool, Apex Tool Group, Olfa, Hyde Tools, U.S. Blade, Q.E.P. Co Inc, Klein Tools |
Other key industry trends
- In terms of revenue, Europe region accounted for 32.7% of the global knife market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,564.1 million by 2030.
Steel was the largest segment with a revenue share of 60.75% in 2021. Horizon Databook has segmented the Europe knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
An increase in the number of outdoor activities including camping and hiking that require different kinds of knife is positively impacting the growth of the market in Europe. For instance, according to the Sport Consumer Survey conducted by the European Outdoor Group, in 2021, sport activities, including hiking, were the most prominent activities in Europe that consumers participated in.
In comparison to other materials, stainless steel knives are durable, corrosion resistant, and can maintain it sharpness for longer time. Owing to these properties, stainless steel knives are convenient and economical to use. Folding knives are used for self-defense purposes. Moreover, these knives are carried by many craftsmen, outdoorsmen, and military personnel.
Camping, fishing, and peeling fruits are some of the applications of folding blade knives, which are likely to favor the growth of the segment. Factors such as increasing urbanization as a result of population growth and migration have resulted in the expansion of the residential sector.
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Knife Market Scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Klein Tools | View profile | 1001-5000 | Lincolnshire, Illinois, United States, North America | https://www.kleintools.com/ |
| U.S. Blade | View profile | 11-50 | Cranford, New Jersey, United States, North America | http://usblade.com |
| Hyde Tools | View profile | 11-50 | Southbridge, Massachusetts, United States, North America | https://hydetools.com/ |
| Olfa | View profile | 11-50 | Osaka, Osaka, Japan, Asia | https://www.olfa.co.jp/en/ |
| Apex Tool Group | View profile | 5001-10000 | Sparks Glencoe, Maryland, United States, North America | http://www.apextoolgroup.com/ |
| Milwaukee Tool | View profile | 10001+ | Brookfield, Wisconsin, United States, North America | https://www.milwaukeetool.com |
| Q.E.P. Co Inc | View profile | 714 | 1001 Broken Sound Parkway North West, Suite A, Boca Raton, FL, United States, 33487 | https://www.qep.com |
| Gerber Life Insurance Company | View profile | 251-500 | Fremont, Missouri, United States, North America | http://gerberlife.com |
| Stanley Black & Decker | View profile | 50500 | 1000 Stanley Drive, New Britain, CT, United States, 06053 | https://www.stanleyblackanddecker.com |
Europe knife market size, by country, 2017-2030 (US$M)
Europe Knife Market Outlook Share, 2021 & 2030 (US$M)
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